Itr issue
This query is : Resolved
sumaira bhat
(Querist)
17 May 2018
IN WHICH RETURN WE CAN SHOW TCS FOR A PROPRIETOR
17 May 2018
It will depend on the nature of income. All forms have a column for TCS credit.
sumaira bhat
(Querist)
17 May 2018
IF WE HAVE PURCHASED A CAR ON WHICH TCS HAS BEEN DEDUCTED HOW CAN WE SHOW THIS IN ITR IF WE ARE FILING ITR 4 FOR PROPRIETOR WHO HAS INCOME FROM BUSINESS
17 May 2018
Even though you may not show car under business assets, but you can still claim credit of TCS paid at the time of car purchase. It is not necessary to link TCS with business income.
KAVIRAJA ADDANGADI
(Expert)
17 May 2018
In ITR-4 under TDS and TCS this Schedule, details of Tax deducted at source (as per Form 27D issued by the collector) is to be entered.
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